Life Insurance Sector Check - Strong Performance Continues For Private Players In August: IDBI Capital
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IDBI Capital Report
We believe that growth during the month was largely led by regular premium products such as protection, non-par savings and unit linked investment plans.
HDFC Life Insurance Company Ltd. has fared well during the year, despite the growth rate being slower than private peers as the company has managed to grow steadily over the pre-pandemic levels.
ICICI Prudential Life Insurance Company Ltd.’s growth has been strong this year, but remains below the pre-pandemic levels.
ICICI Life seems to have slowed down in their push for group term business this month after previously registering strong numbers.
SBI Life Insurance Company Ltd. has been the star performer in the sector, with strong growth in the retail segment.
Max Financial Services Ltd. has also maintained a steady growth.
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